Centerpoint Energy Rate Increase?

I received this letter (click here for the letter -- the links on this blog aren't very conspicuous) from Centerpoint Arkansas notifying me that they have applied for a rate increase with the Arkansas Public Service Commission. It's a whopping 14.9% proposed increase per month, and I'll be sending questions today to learn more about this proposed increase. It appears that the basis for the request is increased costs for labor, materials, supplies, and other operating expenses.

This is tough news for consumers and the elderly. I'll keep you posted on what I learn.